PPP Loan Data — Islandia Animal Hospital PLLC, Islandia, NY
Islandia Animal Hospital PLLC
Entity: Limited Liability Company (LLC)
Location: Islandia, NYTweet This • Search All PPP Data
Islandia Animal Hospital PLLC is a limited liability company (LLC) located at 1930 Vets Highway, Suite 1 in Islandia, New York that received a Coronavirus-related PPP loan from the SBA of $25,468.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Islandia Animal Hospital PLLC in Islandia, NY received a Paycheck Protection Loan of $25,468 through Loan Source Incorporated, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Islandia Animal Hospital PLLC's 2019 payroll expenses are estimated to be at least $122,246.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,583 per employee1
Reported PPP Proceed Usage:
On the PPP application, Islandia Animal Hospital PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,468
Business Information - Islandia Animal Hospital PLLC in Islandia, NY
1930 Vets Highway, Suite 1
Islandia, NY 11749
Specialty (except Psychiatric and Substance Abuse) Hospitals
NAICS code 622310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,497 businesses in the "Specialty (except Psychiatric and Substance Abuse) Hospitals" industry received a total of $391.15M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 25 employees, 178% higher than Islandia Animal Hospital PLLC's reported 9 employees, and received an average PPP loan of $261,289, 926% higher than this company's loan of $25,468.
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Footnotes & Information
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